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Cash Flows
12 Months Ended
Dec. 31, 2011
Cash Flows [Abstract]  
Cash Flows

Note 4. Cash Flows

During 2011, 2010 and 2009, the Company's non-cash investing and financing activities and other supplemental data were as follows:

 

 

 

Years Ended December 31,

 

 

 

 

 

2011

 

 

2010

 

 

2009

 

Non-Cash Investing and Financing Activities:

 

 

 

 

 

 

 

 

 

Continuing Operations:

 

 

 

 

 

 

 

 

 

Deemed capital contributions (distributions) related to the

 

 

 

 

 

 

 

 

 

 

utilization of Cablevision tax losses (Company tax losses by

 

 

 

 

 

 

 

 

 

 

Cablevision) (see Note 12)

$

36,867

 

$

52,824

 

$

(20,066

)

Deemed capital distribution associated with the issuance of

 

 

 

 

 

 

 

 

 

 

debt to Cablevision (see Note 1)

 

(1,250,000

)

 

-

 

 

-

 

Deemed capital contribution, net related to adjustments to

 

 

 

 

 

 

 

 

 

 

liability for uncertain tax positions and net deferred tax

 

 

 

 

 

 

 

 

 

 

assets as a result of the Distribution (see Note 12)

 

44,598

 

 

-

 

 

-

 

Capital distribution for the transfer of a promissory note

 

 

 

 

 

 

 

 

 

 

receivable to Cablevision (see Promissory Note discussion below)

 

(17,113

)

 

-

 

 

-

 

Deemed capital distribution to Cablevision related to

 

 

 

 

 

 

 

 

 

 

employee benefit plans as a result of the Distribution (see

 

 

 

 

 

 

 

 

 

 

Employee Matters Agreement discussion below)

 

(6,313

)

 

-

 

 

-

 

Deemed capital distribution related to tax credits utilized by

 

 

 

 

 

 

 

 

 

 

Cablevision (see Note 12)

 

(2,586

)

 

-

 

 

-

 

Leasehold improvement paid by landlord

 

150

 

 

554

 

 

-

 

Increase (decrease) in capital lease obligations and related assets

 

39

 

 

(279

)

 

6,539

 

Capital distribution related to the entities transferred to

 

 

 

 

 

 

 

 

 

 

Cablevision on December 31, 2010 (see Note 5)

 

-

 

 

41,273

 

 

-

 

Deemed capital contribution related to the allocation of

 

 

 

 

 

 

 

 

 

 

Cablevision share-based compensation expense

 

8,343

 

 

16,267

 

 

13,716

 

 

Discontinued Operations:

 

 

 

 

 

 

 

 

 

Deemed capital contribution related to the allocation of Cablevision

 

 

 

 

 

 

 

 

 

share-based compensation expense

 

-

 

 

4,292

 

 

3,880

 

 

Supplemental Data:

 

 

 

 

 

 

 

 

 

Cash interest paid — continuing operations

 

78,714

 

 

72,335

 

 

72,919

 

Cash interest paid — discontinued operations

 

-

 

 

-

 

 

541

 

Income taxes paid, net — continuing operations

 

11,569

 

 

5,217

 

 

3,769

 

Income taxes refunded, net — discontinued operations

 

-

 

 

(1

)

 

(2

)

 

Promissory Note

     In September 2009, RMH and one of its subsidiaries that was transferred by the Company to Cablevision on December 31, 2010 agreed to the terms of a promissory note having an initial principal amount of $0 and increasing from time to time by advances made by RMH, with an interest rate of 8.625%. As of December 31, 2010, RMH had extended advances against this promissory note aggregating $16,832. Interest income recognized by RMH related to this note amounted to $120, $660 and $38 for the years ended December 31, 2011, 2010 and 2009, respectively. On January 31, 2011, RMH distributed to a subsidiary of Cablevision all of its rights, title and interest in and to the promissory note. This distribution amounting to $17,113, including principal and accrued and unpaid interest, is reflected as a capital distribution in the consolidated statement of stockholders' (deficiency) equity for the year ended December 31, 2011.

Employee Matters Agreement

     In connection with the Distribution, AMC Networks entered into an Employee Matters Agreement with Cablevision which allocated assets, liabilities and responsibilities with respect to certain employee compensation and benefit plans and programs and certain other related matters. As a result of such agreement, AMC Networks recorded a net receivable from Cablevision of $1,166, an increase in accrued employee related costs of $7,479 and a capital distribution of $6,313 which decreased additional paid in capital in the Company's statement of stockholders' (deficiency) equity for the transfer to the Company from Cablevision of the obligations related to the Company's employees' participant accounts in the Cablevision Excess Savings Plan $(3,616) and the Cablevision Excess Cash Balance Pension Plan $(3,863) and for the Company's obligation to Cablevision for the $5,904 unfunded liability associated with Company employee participants in Cablevision's Cash Balance Pension Plan. In addition, the Company reduced its long-term incentive plan and SAR liabilities and increased due to related party by $6,742 for its obligation to pay Cablevision for its allocated share of the related expense for Cablevision corporate employees through June 30, 2011. As of December 31, 2011, these related party balances were settled.